3. The biggest risk is that someone invents a better bitcoin and the market moves to it. However, the self-reinforcing incentives that make bitcoin work make this potential outcome quite unlikely. The miners and users of bitcoin secure $40 billion dollars in value. Even if a “better” solution comes along, self-interest will keep market participants in bitcoin. Mike DiBiase, bond market analyst 1. Without a doubt, gold. I don’t like bitcoin nearly as much as gold because it’s electronic and wouldn’t be worth much in a complete economic and social meltdown. That’s why gold will always be better in my mind. Plus, I think the government will eventually take over control of bitcoin and other cryptocurrencies. 2. By owning a significant portion of gold and gold stocks as insurance. 3. If you have all of your portfolio in gold, you’ll miss out on big gains. You have to invest and play the game.
Clay Bennett Editorial Cartoon used with the permission of Clay Bennett, the Washington Post Writers Group and the Cartoonist Group. All rights reserved.
Dr. Steve Sjuggerud: “This Will Be a $1 Trillion
Company” A wealthy PhD
predicts that a radical new technology (now used by 900 million people) will soon create the world’s biggest company. Watch his interview.
P.J. O’Rourke, American Consequences editor in chief The monetary standard I have the most confidence in is the Glock 9mm – the Visa card of the future.
American Consequences | 61
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